With steady advancement in technology, legislation and work culture values, it has become essential to see payroll as a specialized function. For that reason, outsourcing a company’s payroll function aims at bringing process efficiency and enables the company to focus its energies on its primary business.
In this pursuit, Allsec brings over 15 years of payroll expertise to manage the most complex payroll and tax scenarios, supported by our indigenous and powerful Oracle-based payroll processing engine - SmartPay™. This suite of solutions contains everything that an organization would need to effectively pursue its HR functions. Our payroll outsourcing experts in US, India and Philippines are adept at managing some of the most complex pay and tax scenarios, and possess extensive experience with local legislations for 100 % statutory compliance.
Our payroll services benefit numerous organizations in India, US, Philippines and UAE across diverse industries like Manufacturing, Telecom, IT, ITES, Retail, BFSI, FMCG, Logistics, Engineering, Pharmaceuticals and Entertainment. SmartPay™ includes:
Allsec enables payroll outsourcing in India for one of the largest consulting companies in the world.
When the client decided to diversify their business in 2002, an increase in their workforce necessitated a flexible payroll management system that could accommodate rapid changes and complexities. With offices spread across the country, the client also required a centralized provider for payroll services in India. Since the client’s existing software could not cater to the anticipated ramp-ups, Allsec commenced this process, initially handling 800 employees and currently handles over 116,000 employees across the country.
Benefits to the client
Since our payroll services software is capable of interfacing with any ERP to gather payroll data, the client’s efforts were largely minimized and any human errors were mitigated. The client interface was completely automated, and enabled Self-service Portals, with role-based access to information.
In addition to their payroll, Allsec also handles all reimbursement claims (both chargeable and CTC based) for the client
Allsec seamlessly enabled various one-off bonuses and employee stock option schemes for the client, through its Employee Self-service Portal
Since query handling became increasingly difficult with the ramp-ups, a comprehensive helpdesk was added to the software, for speedy issue resolution.
Changes in taxation structure could not be accommodated in the client’s software. With our experience in handling complex tax scenarios, Allsec helped handle large volumes of tax deductions for the client.
With Allsec handling all technical support, there was a marked improvement in the client’s need for human intervention.